March 2023

Public Finance, Fiscal Rules and Public-Private Partnerships: Lessons for Post-COVID-19 Investment Plans

Eoin Reeves (ed), University of Limerick, Ireland

Article by Alessandra Cepparulo, Giuseppe Eusepi and Luisa Giuriato

Public finances in the EU countries are strained by the COVID-19 pandemic and the war in Ukraine while public debts and deficits have reached unprecedented levels. At the same time, in the coming years governments will need to provide the infrastructure required by the digital and climate transitions and recover their backlog of investments.  These policy choices will deeply impact on the future development of European countries and the dynamics of their public finances, which will be constrained also by restored or revised fiscal rules.  All this makes PPPs attractive for public authorities in search of alternatives to increase investment resources without further worsening their budgetary position.

Login to unlock
Unlock this article
Related Articles
The Case for Public-Private Partnerships in South Africa: Is South Africa Ready?

June 2025

The Case for Public-Private Partnerships in South Africa: Is South Africa Ready?

Divergent Pathways: PPP Developments in the United Kingdom and the Republic of Ireland

May 2025

Divergent Pathways: PPP Developments in the United Kingdom and the Republic of Ireland

An Investigation of Corruption in Public-Private Partnership (PPP) Projects from Project Life Cycle Perspective

April 2025

An Investigation of Corruption in Public-Private Partnership (PPP) Projects from Project Life Cycle Perspective

Evaluating Fiscal Supports on the Public-Private Partnerships: A Hidden Risk for Contract Survival

March 2025

Evaluating Fiscal Supports on the Public-Private Partnerships: A Hidden Risk for Contract Survival

Using Public-Private Partnerships for Political Reasons: The Government’s Motivation and Conditions

February 2025

Using Public-Private Partnerships for Political Reasons: The Government’s Motivation and Conditions

Political Incentives and Officials’ Behaviors in Public-Private Partnership Termination

January 2025

Political Incentives and Officials’ Behaviors in Public-Private Partnership Termination